How to deal with failing startups + Team Wildfire CEO Steve Wolf on "Hurricane-as-a-Service" | E1563
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 18 September 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
Welcome to Sunday! First up, J+M cover different methods and classifications for dealing with failing startups. (2:01) Then, Molly interviews Team Wildfire CEO Steve Wolf about his "Hurricane-as-a-Service" business! (31:56)
(0:00) J+M tee up today's segments!
(2:01) VC Sunday School: J+M discuss hospice care for startups
(10:50) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(11:58) VC fund dynamics with Zombie startups, Jason explains "pay to play"
(25:32) Spokn - Get 3 months free at https://getspokn.com/twist
(27:03) J+M tee up this week's climate interview!
(31:56) Steve Wolf explains his jet engine powered fire-fighting device
(37:21) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(38:55) Steve breaks down the business side of Team Wildfire, "Hurricanes-as-a-Service", and more!
(55:32) Molly gets a virtual tour of the "Hurricane on wheels"
Check out Team Wildfire: https://www.teamwildfire.com
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | All right, everybody, it's Sunday. |
| 0:01.9 | So it's time to learn. |
| 0:03.0 | Molly has a great question for me for VC Sundays. |
| 0:06.3 | Well, what happens when a startup fails? |
| 0:08.2 | It's the end of life. |
| 0:09.4 | How do they get shut down? |
| 0:10.6 | How do they get bought or sold? |
| 0:13.9 | Or what else can happen to a startup in the final days? |
| 0:16.9 | And the last ditch efforts to save it. |
| 0:18.8 | It's fascinating yet. |
| 0:19.8 | So, but it's a bit of a, it's a downer than an upper show. |
| 0:22.7 | I've got a really fun interview today |
| 0:24.8 | on this weekend climate startup. |
| 0:26.0 | So with a CEO of a company called Team Wildfire |
| 0:29.3 | former Hollywood stuntman Steve Wolfe |
| 0:31.9 | is building tech to solve wildfire issues. |
| 0:35.3 | And it is not the tech you're thinking of. |
| 0:37.2 | Think jet engine on wheels. |
| 0:40.4 | I love it. |
| 0:41.3 | I also love a person going mid-career |
| 0:44.0 | and going from one career to another. |
| 0:47.7 | We're going to need more tools to deal with these fires. |
... |
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